Ares Management Corporation is one of the world’s largest alternative asset managers, with $622.5 billion in assets under management (AUM) at the end of 2025, including $384.9 billion in fee-earning AUM. Its business is organized across four core segments: credit strategies ($406.9 billion in total AUM and $249.8 billion in fee-earning AUM), private equity ($25.3 billion and $14.4 billion), real estate and real assets ($139.1 billion and $84.1 billion), and other alternatives ($51.2 billion and $36.6 billion). The firm primarily serves institutional investors, which account for 80% of AUM, while high-net-worth individuals represent the remaining 20%. Ares Management operates through more than 35 offices across over 15 countries worldwide.